Prime Bloomsbury Freehold Development Opportunity LONDON
BLOOMSBURY LONDON WC2 LONDON WC2 Prime Bloomsbury Freehold Development Opportunity BLOOMSBURY LONDON WC2 INVESTMENT SUMMARY • Prime Bloomsbury location between Shaftesbury Avenue and High Holborn, immediately to the north of Covent Garden. • Attractive period building arranged over lower ground, ground and three upper floors totalling 10,442 sq ft (970.0 sq m) Gross Internal Area. • The property benefits from detailed planning permission, subject to a Section 106 agreement, for change of use and erection of a roof extension to six residential apartments (C3 use) comprising 6,339 sq ft (589.0 sq m) Net Saleable Area and four B1/A1 units totalling 2,745 sq ft (255.0 sq m) Gross Internal Area, providing a total Gross Internal Area of 12,080 sq ft (1,122.2 sq m). • The property will be sold with vacant possession. • The building would be suitable for owner occupiers, developers or investors seeking to undertake an office refurbishment and extension, subject to planning. • Freehold. • The vendor is seeking offers in excess of £8,750,000 (Eight Million, Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, which equates to £838 per sq ft on the existing Gross Internal Area and £724 per sq ft on the consented Gross Internal Area. BLOOMSBURY LONDON WC2 LOCATION The thriving Bloomsbury sub-market sits between Soho to the west, Covent Garden to the south and Fitzrovia to the north. The local area is internationally known for its unrivalled amenities with the restaurants and bars of Soho and theatres and retail provision of Covent Garden a short walk away.
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